Hello Community,
After looking through our varied social media channels, I can see that many people in the community are looking for clarification and answers to many questions.
I've spent some time today to answer as many of the questions as possible, and hope this helps to better inform and correct any misinformation.
Thank you for taking the time to read this.
Many thanks,
Spencer Lievens
Chief Development Operations Officer
Duality Blockchain Solutions LLC
Sequence Sync IssuesYou can download the v1.3 wallet from
https://duality.solutions/sequence for storing any of your SEQ bought from exchanges.
With the official Sequence wallet, you can also stake your Sequence (SEQ) and earn interest.
If you need bootstraps for either Dynamic or for Sequence, they can be obtained from
https://duality.solutions/duality/bootstraps/dyn/bootstrap-latest.zip or
https://duality.solutions/duality/bootstraps/seq/bootstrap-latest.zipDynamic Fluid Protocol UpdateDuality will be issuing a Fluid Protocol transaction on the network to amend rewards for both Miners and Dynode operators, as well as burning 295MM coloured BDAP Dynamic (DYN).
Mining rewards will be reduced to 0.5 Dynamic (DYN) and Dynode operator rewards will be reduced to 1 Dynamic (DYN). Currently, Miner rewards are 1 Dynamic (DYN) and Dynode operator rewards are 2.018 Dynamic (DYN).
This is in answer to inflation, and to also remove BDAP tokens that seem to be causing confusion with what is in circulating supply on market cap information websites.
Market Cap InformationMany users have mentioned that the sites they use to compare market cap and circulating supply of Dynamic are not displaying the correct information.
This is due to CoinMarketCap not having the correct information, and other sites displaying the same info from CoinMarketCap.
CoinMarketCap displays that we have ~14MM Dynamic in circulation and a Total Supply of ~314MM, but these numbers are inaccurate and painting an improper picture.
BDAP DYN tokens created are in fact not in circulation and are coloured (not tradeable).
Once the Fluid Protocol transaction has been issued, we will be contacting market cap websites to update their data.
Here are the correct numbers as of Wednesday 29th May @ 11:46 GMT:
BDAP Tokens Out of Circulation (Non-Tradeable): 300,000,000
Circulating Supply (Tradeable): 14,661,672.76
Total Possible Supply: 9,223,372,036,854,775,806
Why is the Total Possible Supply so large?The total possible supply is this size because Duality needs the ability to create coloured BDAP tokens without having a limit in place.
These created BDAP tokens are coloured and are not tradeable. They can only be used for use dApps built using BDAP, such as pShare, and BDAP itself.
Dynamic 2.4, BDAP and pShare release schedulepShare has entered its final sprint and will be available to be tested on the Dynamic Testnet very soon. Dynamic 2.4 which has the new BDAP protocol is scheduled for release in June, with pShare being released in August.
What is BDAP?BDAP brings the ability to build groundbreaking blockchain-based applications, offering services such as VoIP, video streaming, advice forums and new methods to further lower business costs. The BDAP resource naming model mirrors that of the Internet, using fully qualified domain names (FQDNs), and will automatically create a unique ID for every object on the blockchain.
The BDAP Software Development Kit allows developers to create their own dApps, fueled and built upon the Dynamic blockchain; with more power, flexibility and control than is offered by any other blockchain or cryptocurrency.
To download the BDAP whitepaper, head over to
https://duality.solutions/bdapWhat is pShare?pShare makes it easy to share data with friends, family and business associates securely, without centralized administrators and prying eyes monitoring your activity.
Protecting privacy by leveraging stealth links, along with a peer-to-peer network linked to your BDAP account. pShare maintains the highest standards of security through the use of VGP, a proprietary end-to-end encryption standalone library created by Duality.
People and businesses can share files without centralised administrators and prying eyes monitoring their activity. The huge advantage of pShare over centralised storage systems is that the user retains true ownership and control of the shared files, choosing who has access to them at all times.
With pShare, groups can be formed to share files exclusively to their members securely and privately
Unlike cloud services where files are available at all times, shared files on pShare are not available once the pShare application is closed, and/or the user is no longer online.
pShare integrates directly with your file explorer, is easy to use, and compatible with most operating systems.
More can be read about pShare here -
https://medium.com/@duality.chain/pshare-upclose-d2589c454309What is VGP?VGP (Very Good Privacy), a standalone end-to-end encryption library, is modelled after the PGP (Pretty Good Privacy) cryptosystem by using public key cryptography, symmetrical encryption, Diffie-Hellman key exchange and hashing for public key fingerprinting.
Duality has made huge improvements to PGP, developed by Phil Zimmermann all the way back in 1991, more can be read about it here -
https://medium.com/@duality.chain/very-good-privacy-2c2d57d74996Why does it look like no development is being done in GitHub?This is because we are working in branches other than master branch. Once the work is complete and tested, then it is merged to the master branch. You can see all branches here for Dynamic -
https://github.com/duality-solutions/Dynamic/branches and here -
https://github.com/duality-solutions/Sequence/branches for Sequence.
Business Development and PartnershipsFor the past several months the Duality team has been hard at work laying the foundation of our business operating model and are nearing completion of a professionally produced business plan.
As many of you may know, a solid business plan is a crucial component to seeking partnerships and investment. Once we have the final business plan in hand we will be seeking funding of 8 - 10 million USD.
Funding sources may include grants, seed money, venture capital, convertible loans, and technology R&D funding. Specifically, we seek to leverage relationships with the following venture capital and research funds*:
Geekdom Fund -
https://geekdomfund.com/Small Business Innovation Research (SBIR) Programs -
https://www.sbir.govBandera Capital -
https://bandera.capital/Silverton Partners -
https://www.silvertonpartners.comNext Coast Ventures -
http://www.nextcoastventures.com/Various healthcare technology-related grants –
https://healthit.ahrq.gov/ahrq-health-it-funding-opportunities* This list is not all-inclusive and is presented to the community as a short list of potential funding sources. Duality may also seek funding from additional sources not named here.
All funding received will be directly tied to our software suite – pShare, pSign, pConsult, and NoID, specifically full software development, software deployment, and staffing.
Duality is uniquely positioned with existing technologies, an experienced management team, and grounded business development opportunities. Duality will first leverage its extensive connections to Louisiana State University Health Sciences Center, Louisiana State Office of Public Health, Louisiana Public Health Institute, Methodist Healthcare Ministries, RSM International and several other smaller healthcare, CPA and law firms. Our partnership group has deep-rooted connections to decision makers within these organizations that will provide opportunity ripe for harvesting.
As the global awareness of blockchain technology becomes increasingly important and desirable, now is the time to tap into this lucrative market. Duality is positioned to take advantage of this global blockchain market which was over $706 Million in 2017 and is anticipated to reach $60.7 Billion in 2024. According to Cisco’s new report, blockchain will capture $10 Trillion of the world’s wealth by 2027.
Show Posts
